What are the benefits of an Arts and Entertainment District?

As listed in the Arts and Entertainment Application, “The benefits offered to selected districts include property tax credits for renovation of certain buildings that create live-work space for artists and/or space for arts and entertainment enterprises, an income tax subtraction modification for income derived from artistic work sold by “qualifying residing artists”, an exemption from the Admissions and Amusement tax levied by an “arts and entertainment enterprise” or “qualifying residing artists” in a district, and access to financial assistance from the Maryland Economic Development Assistance Fund.